【Data Intelligence】
Crypto exchanges visited 360 million times in March, with Binance, Coinbase, and Bybit ranking the top three
On April 11th, The Block statistics showed that the number of visits to cryptocurrency exchanges increased to 360 million in March, an increase of 6.1% from February (339.4 million). Among them, Binance (31.7%), Coinbase (15.6%), and Bybit (12.1%) ranked the top three.
12 Companies Hold Nearly $700 Million in Ethereum Assets
Exchange-traded funds, countries, public companies and private companies own 1,559,047 bitcoins, worth about $66 billion, according to Bitcoin Treasury. As reported on Thursday, Three Arrows Capital bought 31,345 ETH. According to the list published by the website cryptotreasures.org, 12 different companies have a total of 212,875 ETH worth nearly $700 million. The largest holder on the list is Galaxy Digital Holdings, which holds 98,892 ETH. This means that Galaxy Digital Holdings owns 46.45% of Ethereum out of 12 companies.
Bitcoin has averaged an ROI of 1,645% over the past five years
Data retrieved from Finbold's Bitcoin Return on Investment (ROI) tool shows that compared to the S&P 500, Dow Jones Industrials, and Nasdaq, Bitcoin had an average ROI of 1,645 over the past five years. %. Compared to the Dow, the digital currency has returned 1,978% better. The asset's return on investment also outperformed the S&P 500 Index, which tracks the stock performance of the top 500 U.S. companies, by 1,734%. Elsewhere, Bitcoin’s return on investment outperformed Nasdaq by 1,221%. The Bitcoin ROI tool compares the return on investment (ROI) of BTC to the percentage value of traditional assets, highlighting how investing in cryptocurrencies outperforms other financial assets given a specific period of time.
【 Regulatory News 】
EU limits Russian cryptocurrency deposits to €10,000
According to the text of the document, EU businesses are prohibited from providing services to Russian entities that would deposit more than 10,000 euros ($10,900) worth of cryptocurrencies, according to a legal publication. The rule applies to crypto companies that offer wallet, account or custody services. Therefore, the rule may apply to all cryptocurrency exchanges, brokerage firms and trading platforms. The rule applies to individuals and businesses: "Russian nationals or natural persons resident in Russia, [and] legal persons, entities or institutions established in Russia" fall within the scope of the law. The text of the document also specifies limits on non-cryptocurrency deposits. EU credit institutions are not allowed to accept deposits from Russian entities if the total value of the deposit exceeds €100,000 ($108,700).
Russian Finance Ministry Revises Bill "On Digital Currencies" to Add Crypto Mining Regulations
On April 10, the Russian Ministry of Finance revised a draft law aimed at regulating the country's encryption industry, introducing regulations on cryptocurrency mining. The bill has been reintroduced to the government and could be passed during parliament's spring session.
【Industry Trends】
Multi-chain income aggregator Beluga launched a proposal in the Balancer community, planning to include Beluga in the veBAL list
On April 11th, the multi-chain income aggregator Beluga launched a proposal in the Balancer community, planning to include Beluga in the veBAL list to start its own beBAL vault. Through Beluga's beBAL vault, users will be able to lock up their 80/20 BalancerLP to mint beBAL tokens. As previously reported, on March 29, Balancer officially launched the veBAL mechanism, and users can lock the BPT (liquidity token certificate of the Balancer fund pool) in the 80/20BAL/ETH pool to obtain veBAL.
Marvin Inu's cross-chain bridge was hacked, and the official promised to repurchase and destroy tokens to make up for this loss
On April 11th, according to official sources, the cross-chain bridge of meme coin Marvin Inu was hacked, tokens worth 110 ETH were stolen and sold, causing a sharp drop in prices. The project party immediately closed the cross-chain bridge and fixed the loopholes. At the same time, it has adjusted the purchase tax to 0%, and promised to repurchase and destroy tokens after the price fluctuation stabilizes to make up for this loss. It is reported that Marvin is named after Musk's dog Marvin.
Axie Infinity's average daily player count has dropped by 30%
According to the latest statistics, even though metaverse technology has received active investment and development from many technology companies, these games that focus on metaverse concepts are still difficult to retain players. Axie Infinity, which combines the concept of NFT under Sky Mavis, has seen a 30% drop in the average number of daily players to 107,240. Another similar title, The Sandbox, also saw a 29% drop in daily players, down to 1,180 players. Messari previously analyzed that Axie Infinity’s NFT and payment currency options have brought a rather serious pay-to-win concept to the game. However, in the traditional game market, most game companies We will do our best to avoid similar situations, and this is also a concept that will be spurned by most players.
The Waiting List of Coinbase NFT Market Has Exceeded 4 Million
On April 10, according to RecentlyHeard, the number of waiting lists for the Coinbase NFT market has exceeded 4 million, but so far, the encrypted trading platform has still not officially announced the launch time. Coinbase CEO Brian Armstrong (Brian Armstrong) said that NFT may one day surpass the cryptocurrency market. Coinbase hopes to further expand its "social functions". An immersive NFT marketplace.
【Elite Viewpoint】
Robinhood: Bitcoin is the most frequently bought asset by users so far in 2022
Robinhood Chief Product Officer Aparna Chennapragada said at the Bitcoin 2022 conference that Bitcoin is the most frequently purchased asset (recurring buy asset) for users of the platform so far this year. In addition, Ethereum and Dogecoin also entered the list at the same time, ranking third and sixth respectively.
【What to watch today】
Injective mainnet will be upgraded today
Official news, according to the proposal, Injective Chain will stop the Injective Chain application binary at block height 614200 (about 14:00 UTC on April 11) and start a new Injective Chain application binary. This upgrade and improvement includes the addition of limit orders to support post-only mode, etc.
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Cheng Yuan
